Property Overview: 672 Dudley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic character property with practical updates. Its key appeal lies in its balance of historic charm and modern functionality, featuring a renovated basement and a detached garage. With 872 square feet of living space on a 2,531 sqft lot, it is a compact and manageable property.
The home’s primary draw is its location in the established Earl Grey neighbourhood. The data reveals a thoughtful perspective: while the house itself is smaller and sits on a smaller lot than many area comparables, this translates to a lower assessed value, positioning it as a potentially more accessible entry point into a desirable community. It suits first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing location. The renovated basement adds valuable flexible space, making it practical for a home office, hobby room, or guest area. This is a property for those who value neighbourhood character over sheer size, and who see the appeal of a home that has been partially updated but may still allow for personalization.
Section 2: Frequently Asked Questions
1. Is the house particularly small for the area?
Yes, the living area is below the average for both Dudley Avenue and the wider Earl Grey neighbourhood. This is reflected in its assessed value, which is also below area averages.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent, as it could range from cosmetic updates to a fully finished living space.
3. How does the lot size impact the property?
At 2,531 sqft, the lot is smaller than most in the city and the area. This means lower outdoor maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation.
4. The home was built in 1914. What should I consider?
While the basement has been renovated, a home of this age will likely have older core components, such as plumbing, electrical, and the original structure. A thorough inspection is essential to understand the condition and any needed updates.
5. Why is the assessed value significantly different from the last sale price?
The home sold for $22,500 in 2017 and now has an assessed value of $25,400. It’s important to remember that a municipal assessed value is for taxation purposes and is not a market appraisal. The current market value can be higher or lower, influenced by recent improvements, market conditions, and comparable sales.